8 Minute Read

Tackle Today: A Monster Breakout

November 21, 2022

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«Monster Beverage ($MNST) is trying to trigger.»


Monster Beverage made its way onto our Scouting Report for the second week in a row. And just a few minutes after the open this morning, it’s trying to trigger. The appeal of the pattern is simple. It’s a breakout on multiple time frames over a psychologically significant price level ($100).

The implied volatility characteristics make it even more compelling. With earnings in the rearview mirror and a narrow trading range defining prices since implied volatility has tumbled to the basement. The implied volatility rank stands at a paltry 7%, suggesting options are dirt cheap. This makes buying options more attractive than selling them. The inexpensiveness of call options means that MNST doesn’t have to rise as far to generate a profit. In other words, the odds of success are higher if you can buy calls in low implied vol environments.

Video of the Day: Frank’s Charts – Hot Potential Swing Trading Picks

Watch this clip with Coaches Frank and Matt where they share a few charts and discuss potential Swing Trading Picks $JNJ $HRB $DOW $MNST $AEM $TRP

Chart of the Day: Monster Beverage ($MNST)

Chart of the Day: Monster Beverage ($MNST)

Clean breakout. Low IV. What’s not to like?

Today’s line up

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